World-class solutions in sustainable energy

NIBE Group

 

Our companies/brands in the NIBE Group

 

Brand Organization NIBE Group

Names, addresses, locations for all our companies


Business Area NIBE Climate Solutions is one of the market leaders for residential heating, ventilation and cooling products in Europe and the US. A much larger focus is lately also put on the commercial segment. Customers are the RMI sector (Renovation, Maintenance, Improvements) and the new construction market.

Business Area NIBE Element is the market leader in Europe and in the US and a leading global B2B manufacturer of

components and systems for electric heating applications in the world. Customers are industrial users and

components users.

Business Area NIBE Stoves is the market leader in wood- and gas-burning stoves in Europe. Customers are private homeowners in the new and existing housing market and in the holiday homes sector.

Acquisitions

All our acquisitions chronologically distributed geographically.

Timeline for Acquisitions and Establishment (E)

 

Year

Company

Country

Business Area

1980

Handöl

Sweden

Stoves

1983

Backer

Sweden

Element

1994

Backer Oy (E)

Finland

Element

1994

Contura

Sweden

Stoves

1995

Vølund Varmeteknik

Denmark

Climate Solutions

1995

Loval

Finland

Element

1996

TMV-Pannan

Sweden

Climate Solutions

1996

Pyrox

Norway

Element

1997

Energiprodukter i Diö

Sweden

Climate Solutions

1998

Lodam Energy

Denmark

Climate Solutions

1998

Bröderna Håkansson

Sweden

Element

1998

JEVI

Denmark

Element

1998

Calesco

Sweden

Element

1999

Haato Varaajat

Finland

Climate Solutions

2000

Coates

Norway

Element

2001

Norells

Sweden

Element

2001

S.A.Nielsen

Denmark

Element

2001

Roslagsspisen

Sweden

Stoves

2003

METRO THERM

Denmark

Element

2003

NETEK

Denmark

Element

2003

Finholm

Finland

Element

2003

Danotherm (80%)

Denmark

Element

2003

Termos

Norway

Element

2004

Kaukora

Finland

Climate Solutions

2005

Northstar

Norway

Stoves

2005

K M Jensen

Denmark

Element

2006

Naturenergi Iwabo

Sweden

Climate Solutions

2006

Danotherm (20%)

Denmark

Element

2006

Varde Ovne

Denmark

Stoves

2007

Lübecke Rail

Denmark

Element

2008

TermaTech

Denmark

Stoves

2009

Sol- och Energiteknik

Sweden

Climate Solutions

2009

Bencon

Finland

Element

2010

ABK (50%)

Norway

Climate Solutions

2010

Lund & Sørensen

Denmark

Element

2010

Lotus Heating

Denmark

Stoves

2012

Akvaterm (70%)

Finland

Climate Solutions

2012

Structurgruppen

Sweden

Element

2012

Eltwin Group

Denmark

Element

2014

Innotek

Denmark

Element

2015

IC Electronics

Denmark

Element

2015

Akvaterm (30%)

Finland

Climate Solutions

2016

Air-Site

Sweden

Climate Solutions






Timeline for Acquisitions and Establishment (E)

 

Year

Company

Country

Business Area

1994

OBR (32%)

Poland

Element

1997

Energy Systems (E)

Poland

Climate Solutions

1997

OBR (68%)external link

Poland

Element

2000

Biawar

Poland

Climate Solutions

2000

FER

Italy

Element

2000

ETA

Czech Republic

Element

2000

Etop

Czech Republic

Element

2001

Heise Systemtechnik

Germany

Climate Solutions

2003

Energietechniek B.V. (E)

Netherlands

Climate Solutions

2003

REBA

Italy

Element

2003

Sinus Bobé

Netherlands

Element

2003

Facsa

Spain

Element

2004

Shel

UK

Element

2006

DZD

Czech Republic

Climate Solutions

2006

NIBE Energy Systems (E)

UK

Climate Solutions

2006

Heatrod Element

UK

Element

2006

NIBE Foyers (E)

France

Stoves

2007

CJSC Evan (25%)

Russia

Climate Solutions

2008

KNV Energietechnik

Austria

Climate Solutions

2008

CJSC Evan (26%)

Russia

Climate Solutions

2008

Wärmetechnik (E)

Switzerland

Climate Solutions

2009

CJSC Evan (24%)

Russia

Climate Solutions

2010

NIBE Kamini (E)

Russia

Stoves

2011

CJSC Evan (25%)

Russia

Climate Solutions

2011

Schulthess Group (98.7%)

Switzerland

Climate Solutions

2011

Thermtec ltd

UK

Element

2011

Element Div of Electrolux Prof

Switzerland

Element

2012

Schultess Group (1.3%)

Switzerland

Climate Solutions

2013

Stovax Heating Group (60%)

UK

Stoves

2014

Technibel

France

Climate Solutions

2014

Askoma

Switzerland

Element

2015

Stovax Heating Group (40%)

UK

Stoves

2016

ATE Electronics

Italy

Element

2016

Enertech Group

(Conditional agreement on acquisition)

UK/Sweden

Climate

Solutions

2017

E.Bruade Ltd

UK

Element

2017

HT S.p.A.

Italy

Element


Timeline for Acquisitions and Establishment (E)

 

Year

Company

Country

Business Area

2004

Calesco Foil Inc (E)

US

Element

2008

Alpe

Mexico

Element

2011

Enertech Global (10%)

US

Climate Solutions

2011

Element Div of Emerson Electric

US

Element

2013

Springfield Wire

US

Element

2014

Wilson Elements

Australia

Element

2014

WaterFurnace

US

Climate Solutions

2014

Enertech Global (90%)

US

Climate Solutions

2015

Marathon Heater

US

Element

2016

Heatron Inc

US

Element

2016

Climate Control Group

US

Climate Solutions

2016

FPI, Fireplace Products Inc

Canada

Stoves

2016

Hotwatt Inc

USA

Element

2017

CGC Group of Companies Inc

Canada

Climate Solutions


The history of NIBE

Long-term thinking and continuity

 

NIBE has cultivated a Culture of Entrepreneurshipculture of entrepreneurship and a Passion for Conducting Businesspassion for conducting business. Investments in Sustainability-Oriented Product Developmentsustainability-oriented product development and Corporate Acquisitionscorporate acquisitions have led to significant expansion of the NIBE Group

 

Clear shared values and long-term ownership are behind the continuity and stability in the Group.

 

1949

Christian Backer

Based on Christian Backer’s patent for tubular elements, Nils Bernerup establishes Backer Elektro-Värme AB in Sösdala, Sweden, to manufacture what came to be called the ‘Backer element’. 

 

 

1952

Nils Bernerup

Nils Bernerup establishes NIBE-Verken AB in Markaryd through the acquisition of Ebe-Verken, with its 3 employees. The initial letters of his first name and surname form the company name, NIBE. 

 

 

1956

Sven Christensson

Sven Christensson, who is appointed MD of Backer-Elektro Värme AB, is responsible, during his 25 years in charge, for the company developing into one of the leading manufacturers of tubular elements in Europe.

 

 

1961

Rune Dahlberg

Rune Dahlberg is appointed MD of NIBE-Verken AB. With a strong focus on quality and rational production, he successfully runs the company up to his retirement in 1987.

 

 

1988

Rune Dahlberg

Gerteric Lindquist is appointed to succeed Rune Dahlberg.  With his international experience and passion for business, he lays the foundation for international expansion with good profitability.

 

 

1989

Sven Christensson

The Bernerup family decides to dispose of the two companies Backer Elektro-Värme AB and NIBE-Verken AB. A number of employees and two external investors form NIBE Industrier AB and acquire the companies. Gerteric Lindquist is appointed MD and Group CEO.

 

 

Organic growth forms the basis for expansion

The Group’s growth is based on the development of innovative products.


 

1949

Christian Backer

With a resistance wire in the centre of an empty conduit filled with magnesium oxide, the tubular element is created a new, easily applicable heating component for households and industry.

 

 

1952

Nils Bernerup

The manufacture of NIBE’s water heaters starts in the same year as the Act requiring farmers to have hot water in milking parlours enters into force.

 

 

1965

Rune Dahlberg

NIBE wins a contract to manufacture stoves under the trademark Handöl. The entire company is subsequently acquired. 

 

 

1981

Sven Christensson

The very first heat pump from NIBE, Fighter Twin,  is premièred at the heating and plumbing show, and manufacture of heat pumps begins in Markaryd.

 

 

1997

Rune Dahlberg

To allow for further expansion and to broaden ownership, NIBE Industrier AB holds a new share issue and the company is listed on the Stockholm stock exchange on 16 June 1997. 

 

 

Continued market-oriented expansion through acquisitions

Good profits and stock exchange listing create the conditions for an intensive era of acquisitions and development into a global Group.


 

1998-2011

Christian Backer

40 acquisitions in the Nordic region and in Europe

Some 40 acquisitions are made between 1998 and 2010 within all three business areas, both in the Nordic region and the rest of Europe. In parallel with the acquisitions, six companies are established in Europe during this period.

 

Some benefits of the acquisitions

– new technologies

– new products  

– new markets

– new production capacity

 

 

2011-2013

Rune Dahlberg

NIBE Group takes over the Swiss listed Schulthess Group

NIBE carries out two business acquisitions in the USA between 2011 and 2013. A further six companies are acquired in Europe. 

 

The largest ever acquisition in NIBE’s history is made in 2011, when the Group takes over the Swiss listed Schulthess Group AG.

 

These acquisitions make us

– a major European heat pump operator 

– a global element supplier 

– the market leader for stoves in Europe

 

 

 

2014-2015

Rune Dahlberg

Two major acquistions in the USA

Two strategically important acquisitions are made on the North American market, the listed company WaterFurnace which is the US market leader in heat pumps, and the remaining 90% of its competitor Enertech. The Group also acquires the North American element business Marathon Heater. North America now accounts for nearly a quarter of Group sales.

 

Another two European acquisitions and seven minor bolt-on acquisitions are made.

 

These acquisitions make us

– a major North American heat pump supplier 

 

 

2016

Rune Dahlberg

2016 is characterised by a continued high rate of acquisitions, with around ten acquisitions, primarily in North America but also in Europe.

 

Climate Control Group in the US is acquired and is the biggest acquisition in our history to date.

 

The acquisitions mean

 

  •  that we are the market leader in North America in heat pumps for commercial properties
  •  that we have a stable platform in North America for stoves
  •  that our position as one of the world-leading element suppliers is further reinforced

 

A successful new share issue is held, injecting SEK 3 billion, which permits continued expansion via acquisitions. 

 

 

Focus on three core businesses and proactive product initiatives for the future

The wide range of the Group’s products, marketed under a large number of brand names, forms the foundation of international expansion.


 

Christian Backer

NIBE Climate Solutions

Major development resources are employed in the heat pumps product segment in terms of technology, performance, quality and design.

 

The heat pumps of today blend in well with their environment and are both energy-efficient and eco-friendly.

 

Heat pumps can also be controlled digitally, which makes it even easier to control heat, ventilation and cold locally or remotely.

Rune Dahlberg

NIBE Element

In global ambitions for sustainable development, there is a growing need to enhance energy efficiency in all areas.

 

Through both our own product development and acquisitions of companies with innovative products, we are now able to offer a wide range of energy-efficient element products and intelligent system solutions based on several different technologies.

Rune Dahlberg

NIBE Stoves

Our stoves have been developed into energy-efficient heat sources for various energy types and already meet the future requirements for eco-friendliness and efficiency in the Ecodesign Directive.

 

As a stove is largely an interior design feature, we offer a wide range of models to suit all tastes and requirements.

NIBE – a Global Group with sales
and operations on five continents.



NIBE Industrier AB (publ)

Box 14, 285 21 Markaryd

Visiting Address
Hannabadsvägen 5, Markaryd

+46 (0)433–73 000
info@nibe.com